Questions and Answers
What is an Information System (IS)?
A set of interrelated components that collect, manipulate, store, and disseminate data and information and provide feedback to meet an objective.
Which of the following is NOT a benefit of Information Systems to businesses?
Data is defined as raw facts and figures.
True
What is the process of transforming data into information?
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What are the main components of a Computer-Based Information System?
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What is E-commerce?
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An organized collection of facts and information is called a ______.
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Which of the following is a characteristic of valuable information?
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Study Notes
Information Systems Overview
- Information Systems (IS) consist of interrelated components aimed at collecting, manipulating, storing, and disseminating data to achieve specific objectives.
- IS combines technology, people, and processes to manage information efficiently.
Significance of Information Systems
- Enhance revenue generation and improve customer service while reducing operational costs.
- Benefits include:
- Improved decision-making capabilities.
- Increased efficiency and productivity in processes.
- Enhanced customer service and satisfaction.
- Effective data management and security measures.
- Overall cost reduction across various operations.
Distinction between Data and Information
- Data: Raw, unprocessed facts without context.
- Information: Processed, organized, and structured data that provides meaning and context.
Understanding Processes
- Processes are sets of logically related tasks designed to achieve defined outcomes.
- Knowledge encompasses awareness and understanding of information's usefulness to perform tasks.
Characteristics of Valuable Information
- Information is valuable when it aids decision-makers in meeting organizational goals.
- Efficient and effective task performance is a hallmark of valuable information.
Components of Information Systems
- An IS includes essential elements for data handling:
- Input: Collection and capturing of raw data.
- Processing: Conversion of raw data into useful outputs.
- Output: Generation of meaningful information.
Computer-Based Information Systems (CBIS)
- CBIS integrates hardware, software, databases, telecommunications, people, and procedures.
- Infrastructure encompasses technology that manages data into actionable information.
Key Components of CBIS
- Hardware: The physical computer equipment for data processing activities.
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Software: Programs that dictate computer operation; includes:
- System software for basic operations.
- Application software for specific tasks.
- Database: Organized collections of related data files.
- Telecommunications and Networks: Enable electronic data transmission for communication.
- Internet: The largest computer network facilitating information exchange globally.
- Intranet: Internal networks for information sharing within an organization.
- Extranet: External networks allowing limited access to authorized outsiders.
Importance of People and Procedures
- People are the most critical component of CBIS, driving operations and effectiveness.
- Procedures define rules, strategies, and methods for effective utilization of the CBIS.
Business Information Systems
- Common types of information systems include:
- Systems for electronic and mobile commerce.
- Transaction processing systems.
- Management information systems (MIS).
- Decision support systems (DSS).
E-commerce Overview
- E-commerce refers to the trading of products or services via computer networks, notably the Internet.
- It incorporates technology such as mobile commerce, electronic funds transfer, and online transaction processing.
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Description
This quiz explores the distinction between data and information, as well as the characteristics used to evaluate data quality. Participants will also identify different types of business information systems, understanding their users and purposes. Test your grasp of core concepts in information systems!
